Reagan entered office facing double digit inflation, double digit interest rates, and soon double digit unemployment.
That was a time of double digit inflation and several recessions, which increased the appeal of gold.
Watch as Argentinean-style capital flight and double digit inflation become the lead story of his second term.
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Nor will our economy after the triple whammy of double digit unemployment, double digit inflation, and an uncontrollable budget deficit comes down on our heads.
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Of course, there were other critical policies contributing to that Reagan boom, mostly notably the strong dollar monetary policy that tamed double digit inflation for a generation.
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Ronald Reagan faced a worse economy than Obama did, because there was double-digit unemployment, double-digit inflation, double-digit mortgage rates and chronic shortages that disrupted businesses and consumers alike.
Under his presidency, the country reduced double digit inflation and sky high interest rates, and become one of the shiny stars in the emerging market world both economically and politically.
Reagan turned around the double digit unemployment, double digit inflation, and double digit interest rates that Keynesian economics produced in the 1970s, replacing it with the greatest economic boom in world history from 1982 to 2007.
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Furthermore, Wilson, the only president with a doctorate, tried to use the newly created Federal Reserve system and an elastic money supply to keep inflation in check, but the U.S. still saw double-digit inflation from 1917 to 1920.
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Among Venezuela's problems are crumbling infrastructure, persistent shortages of food and medicine, and double-digit inflation.
There is no Paul Volcker in charge of stopping deflation as he slaughtered double-digit inflation with murderously high interest rates.
The regime is now plagued by double-digit inflation, a massive flight of capital, and unprecedented levels of unemployment.
Of course, it does not take double-digit inflation to prod businesses into cutting costs and improving efficiency and quality.
Venezuelans are afflicted by chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages, and rampant crime.
In the 1970s that kind of depreciation was accompanied by double-digit inflation.
The government blames hoarding, while the opposition points at the price controls imposed by Chavez in an attempt to bring down double-digit inflation.
Turkey, after all, has muddled along with double-digit inflation, big budget deficits and see-sawing markets for the better part of the past 20 years.
In fact what you would need was something close to double-digit inflation for a couple of years: an inflation "shock" that really gets you started.
While the situation was different back then, with double-digit inflation and geopolitical events fueling massive volatility (the Iranian hostage crisis and the Soviet invasion of Afghanistan were among the topics de jour).
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Remember, however, that the 1970s saw double-digit inflation.
People are fed up with chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages and rampant crime that has given Venezuela among the world's highest homicide and kidnapping rates.
Two decades ago, Democratic President Jimmy Carter named Paul Volcker as Fed chairman, ushering in an era of stern interest-rate policies that extinguished double-digit inflation at what was initially a high cost for economic growth.
The report coincided with a withdrawal of deposits and investments from the UAE by speculative investors who had previously been betting that local currencies would shoot up as Gulf states let go of their dollar pegs to deal with double-digit inflation.
Venezuelans are afflicted by chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages, and rampant crime one of the world's highest homicide and kidnapping rates that the opposition said worsened after Chavez disappeared to Cuba in December for what would be his final surgery.
Double-digit house price inflation has been caused by a combination of low interest rates, relatively high disposable household income and the popularity of property as an investment when stock markets have performed poorly.
While her government reduced annual inflation from the double-digit figures of the 1970s, it was only in the 1990s that inflation came under control.
So far, his soft measures have kept the economy growing at double-digit rates while keeping inflation from getting out of control.
The Teamsters and United Auto Workers stood too powerful, creating wage inflation approaching double-digit percentage annual leaps.
But given the size of those reserves, and the banks overwhelming need for income, it might not take much in the way of interest rate spread expansion to get some monetary inflation of the double digit variety from these banks.
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